GOK Geokinetics Inc. featured news, full reports, and detailed charts
Geokinetics Inc. (GOK) Wrap Up:
Geokinetics Inc., together with its subsidiaries, provides seismic data acquisition, and seismic data processing and interpretation services to the oil and natural gas industry. It provides seismic data acquisition services by collecting two-dimensional (2D), three-dimensional (3D), and multi-component seismic data in land, marsh and swamp, and shallow water environments on a contract basis for its customers. The company also provides a suite of onshore and offshore proprietary seismic data processing and interpretation products and services to produce an image of the earth?s subsurface; process 2D and 3D seismic data acquired by its own crews, as well as data acquired by other seismic data acquisition companies; and re-process older seismic data. In addition, Geokinetics performs work for seismic data library companies. It serves national and international oil companies, as well as smaller independent exploration and production companies. Geokinetics provides its seismic data acquisition services in the Gulf Coast, Mid-Continent, California, Appalachian and Rocky Mountain regions of the United States; western Canada; Canadian Artic; Central and South America; Africa; the Middle East; Australia/New Zealand; and the Far East. The company was founded in 1980 and is headquartered in Houston, Texas.Geokinetics Inc. (GOK:AMEX)
Snapshot of Geokinetics Inc. (GOK)
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OPEN
$11.15
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PREVIOUS CLOSE
$11.32
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DAY HIGH
$11.25
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DAY LOW
$10.94
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52 WEEK HIGH
09/28/09 - $22.55
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52 WEEK LOW
03/9/09 - $1.84
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MARKET CAP
119.9M
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AVERAGE VOLUME 3 mo
179.1K
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DILUTED EPS TTM
$0.72
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SHARES OUTSTANDING
10.8M
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GOK Does Not Pay Dividends
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P/E TTM
15.5x
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| K = Thousands M = Millions B = Billions | ||
GOK Top Compensated Officers
Executives, Board Directors
Key developments for Geokinetics Inc. (GOK)
Geokinetics Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).
Geokinetics Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. EBITDA for the third quarter of 2009 decreased 11% to $16.4 million from $18.4 million in the third quarter of 2008. The company reported a loss applicable to common stockholders of $4.8 million or $0.45 per share, in the third quarter of 2009 compared to income of $0.2 million or $0.02 per diluted share for the same quarter in 2008. Included in third quarter 2009 results are special charges of $0.5 million or $0.04 per share for severance costs. Revenue for the quarter was $96.8 million against $123.1 million last year. The decline in Revenue was primarily attributable to further weakness in North America as evidenced by third quarter 2009 international seismic acquisition revenues declining by less than 2% from the third quarter of 2008. Loss from operations was $1.2 million against income of $5.4 million last year. Loss before income taxes was $1.2 million against income of $4.4 million last year. For the nine months, the company reported income applicable to common stockholders of $0.4 million or $0.04 per diluted share on revenue of $388.6 million against income of $0.9 million or $0.09 per diluted share on revenue of $356.8 million last year. Income from operations was $27.7 million against $13.7 million last year. Income before income taxes was $24.9 million against $9.4 million last year. Net cash provided by operating activities was $59.4 million against $29.6 million last year. Purchases and acquisition of property and equipment was $26.5 million against $38.3 million last year. EBITDA was $71.5 million against $49.2 million last year.
Geokinetics Inc., Q3 2009 Earnings Call, Nov-06 2009
GOK Competitors
| Company | Last | Change |
| CGG Veritas | €14.25 EUR | -0.34 |
| Dawson Geophysical Co | $21.98 USD | +0.06 |
| Norex Exploration Services Inc | C$0.30 CAD | 0.00 |
| TGC Industries Inc | $3.78 USD | -0.03 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | GOK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 2.1x |
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| TEV/Sales | NM | Not Meaningful |
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GOK |
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GOK transactions
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| No transactions in the last 6 months. | ||
More Recent News About Geokinetics Inc.
More news for GOK
5 Explosive Crude Plays
Crude oil futures hit one-year highs on Wednesday, leading many to speculate that the rise toward the $150 all-time peak hit last spring is still in force. The move is a combination of two strong forces simultaneously at play: the weakness in the U.S. dollar and a recent increasing demand for fuel. IN PICTURES: Digging Out Of Debt In 8 StepsFears of the dollar spiraling lower (the U.S. Dollar Index also hit new lows this week) have pushed many investors into commodities like gold and oil, traditional investment "parking" spots when fears of a crisis arise. In addition, both OPEC and the International Energy Agency recently raised their demand forecast for 2010, citing progress in the ongoing global economic recovery.Here are five oil plays that have consequently been gushing of late and should continue to do so if that move higher is indeed still on. (For a primer on the oil industry, refer to our Oil and Gas Industry Primer.)Bakken Oil PlayersKodiak Oil & Gas Co. (NYSE:KOG) is an American exploration company with assets focused i...Click here to read the whole Article (external link)
Geokinetics downgraded by CapitalOne southcoast
Quotes for GOK - Yahoo! Finance #screen,#masthead{text-align:center;margin:0;width:752px;} #screen.xpand,#masthead.xpand{width:100%;} #screen.xpand #yfncsubtit{width:100%;} #masthead{padding-bottom:12px;} #leftcol,#rightcol{margin:0;} #leftcol{width:155px;float:left;} #rightcol{width:585px;} #content{width:752px;} #footer {clear:both;} /*/*/ body{text-align:center;} #screen{text-align:left;min-width:700px;width:62.5em;width:expression( document.all.footer ? (document.all.footer.offsetWidth>1000) ? '980'+'px' : document.all.footer.offsetWidth :'62.5'+'em') ;margin:auto;border:1px solid #FFF;} #screen.xpand{width:100%; text-align:center} #portfolio{margin:10px auto;} #hdrads{margin:10px auto 0 auto;} #masthead,#leftcol,#rightcol{margin:0;} #masthead{width:100%;} #leftcol{float:left;width:18%;} #rightcol{float:right;width:80%;} #content{width:100%;} #footer{clear:both;text-align:center;padding:10px 0;width:60em;margin:auto;border:0px solid #FFF;} #leftNavTable,#yfncmh,#yfncmkttme,#yfncduplgnwrn,#yfncpsnlbar,#yfnctitbar,#y fncsubtit,#yfncbrobtn,#yfncsumtab, .yfnc_systitlelinea1,.yfnc_systitlelineb1,.yfnc_modtitlew1{ width:100%;} #yfncmh{width:100%;} .yfncsumdatagrid{background:#DCDCDC;width:100%;} .yfnc_modtitlew2{width:49%;} /**/ .yfncnhl{color:#666;margin-bottom:10px;} .yfncnhl .yfncnhlbl{color:#000;width:1.6em;text-align:center;} .yfncnhl .yfncnhltt{color:#000;width:50px;padding-top:2px;} .yfncnhltt { position: relative; } .yfncnhltt a { position: relative; display: block; /* opera */ width: 42px; height: 31px; } .yfncnhltt img { border: 0; } .yfncnhltt img.video_play { position: absolute; bottom: 2px; left: 2px; width: 13px; height: 14px; } #yfiunv table td, #yfiadvdec table td { width: 1%; } #yfiunv table td.name, #yfiadvdec table th.first, #yfiadvdec table td.first { width: 10%; white-space: normal; } #leftcol{display:none;} #rightcol{display:block;} ...Click here to read the whole Article (external link)
GEOKINETICS INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for GEOKINETICS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GEOKINETICS INC 27-Aug-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for information...Click here to read the whole Article (external link)
Geokinetics Announces Third Quarter 2009 Earnings Release and Conference Call Schedule
HOUSTON, Oct. 22 /PRNewswire-FirstCall/ -- Geokinetics Inc. (NYSE Amex: GOK) today announced plans to release third quarter 2009 financial results on Thursday, November 5, after the market closes. In conjunction with the release, Geokinetics has scheduled a conference call that will be broadcast live over the Internet on Friday, November 6, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). What: Geokinetics Third Quarter 2009 Earnings Conference Call When: Friday, November 6, 11:00 a.m. Eastern Time (10:00 a.m. Central Time) How: Live via telephone by dialing (800) 762-8779 for domestic callers or (480) 629-9770 for international callers and asking for the Geokinetics call a few minutes prior to the start time, or live over the Internet on Geokinetics' website at www.geokinetics.com under Investor Relations. A telephonic replay will be available through November 20, 2009 by calling (800) 406-7325 for domestic callers or (303) 590-3030 for international callers, in both cases using pass code 4175966#. A webcast archive will also be available at www.geokinetics.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email ...Click here to read the whole Article (external link)
Q3 2009 GEOKINETICS INC Earnings Release - After Market Close
Earnings Announcements for Thursday, November 5CompanySymbolTimeConferenceCall21st Century HoldingTCHC2:00 pm ET3I INFRASTRUCTURE3IN.LBefore Market OpenAbiomed, Inc.ABMDBefore Market OpenListenABOVENET INCABVTAfter Market CloseListenAbraxis BioScience, Inc.ABIIBefore Market OpenListenAccelrys Inc.ACCLAfter Market CloseListenACI Worldwide, Inc.ACIWBefore Market OpenACTIONS SEMICONDUCTOR CO LTDACTSAfter Market CloseActive Biotech ABACTI.STTime Not SuppliedActivision Blizzard, Inc.ATVIAfter Market CloseAdecco SAAHEXF.PK01:00 am ETAinsworth Lumber Company Ltd.ANS.TOAfter Market CloseAir MethodsAIRMAfter Market CloseAker ASAAKERTime Not SuppliedALAMOS GOLD INCAGI.TOBefore Market OpenAlaska Communications Systems GroupALSKAfter Market CloseAlexandria Real Estate...Click here to read the whole Article (external link)
Geokinetics Reports Third Quarter 2009 Results
HOUSTON, Nov. 5 /PRNewswire-FirstCall/ -- Geokinetics Inc. (NYSE Amex: GOK) today announced financial results for its third quarter ended September 30, 2009. The Company reported total revenues of $96.8 million and a net loss applicable to common stockholders of ($4.8) million, or ($0.45) per share. Third Quarter Financial Highlights(All data in millions, except per share amounts) Q3 2009* Q3 2008 % Change ------- ------- -------- Revenues $96.8 $123.1 -21% Gross Margin, defined below, as a % of Revenue 31% 23% EBITDA, a non-GAAP financial measurement defined below $16.4 $18.4 -11% EBITDA as a % of Revenue 17% 15% (Loss) Income Applicable to Common Stockholders ($4.8) $0.2 (Loss) Earnings per Diluted Share ($0.45) $0.02 * Includes special charges of $0.5 million or $0.04 per share for severance costs Nine Month Financial Highlights (All data in millions, except per share amounts) 9 Mos 2009* 9 Mos 2008 % Change ----------- ---------- -------- Revenues $388.6 $356.8 9% Gross Margin, defined below, as a % of Revenue 28% 22% EBITDA, a non-GAAP financial measurement defined below $71.6 $49.2 46% EBITDA as a % of Revenue 18% 14% Income Available to Common Stockholders $0.4 $...Click here to read the whole Article (external link)
Geokinetics Announces Third Quarter 2009 Earnings Release and Conference Call Schedule
HOUSTON, Oct. 22 /PRNewswire-FirstCall/ -- Geokinetics Inc. (NYSE Amex: GOK) today announced plans to release third quarter 2009 financial results on Thursday, November 5, after the market closes. In conjunction with the release, Geokinetics has scheduled a conference call that will be broadcast live over the Internet on Friday, November 6, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). What: Geokinetics Third Quarter 2009 Earnings Conference Call When: Friday, November 6, 11:00 a.m. Eastern Time (10:00 a.m. Central Time) How: Live via telephone by dialing (800) 762-8779 for domestic callers or (480) 629-9770 for international callers and asking for the Geokinetics call a few minutes prior to the start time, or live over the Internet on Geokinetics' website at www.geokinetics.com under Investor Relations. A telephonic replay will be available through November 20, 2009 by calling (800) 406-7325 for domestic callers or (303) 590-3030 for international callers, in both cases using pass code 4175966#. A webcast archive will also be available at www.geokinetics.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email ...Click here to read the whole Article (external link)
GEOKINETICS INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue96,850 144,839 146,919 117,758 Cost of Revenue67,214 102,479 108,234 91,925 Gross Profit29,636 42,360 38,685 25,833 Operating ExpensesResearch Development - - - - Selling General and Administrative13,205 12,605 13,303 10,055 Non Recurring(736)543 193 366 Others16,314 12,868 12,496 13,275 Total Operating Expenses - - - - Operating Income or Loss(1,289)16,344 12,693 2,137 Income from Continuing OperationsTotal Other Income/Expenses Net(865)302 110 657 Earnings Before Interest And Taxes(12)16,646 12,803 2,794 Interest Expense1,244 1,671 1,611 1,982 Income Before Tax(1,256)14,975 11,192 812 Income Tax Expense1,482 11,592 5,206 5,122 Minority Interest - - - - Net Income From Continuing Ops(2,738)3,383 5,986 (4,310)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
GEOKINETICS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for GEOKINETICS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GEOKINETICS INC 12-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "...Click here to read the whole Article (external link)
GEOKINETICS INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements Certain matters discussed in this report, except for historical information contained herein, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). When used in this report, words such as "anticipates," "believes," "expects," "estimates," "intends," "plans," "projects," and similar expressions, as they relate to the Company or management, identify forward-looking statements. Forward-looking statements include but are not limited to statements about business outlook for the year, backlog and bid activity, business strategy, and related financial performance and statements with respect to future events. These statements are based on certain assumptions made by the Company based on management's experience and perception of historical trends, industry conditions, market position, future operations, profitability, liquidity, backlog, capital resources and other factors believed to be appropriate. Management's expectations and assumptions regarding Company operations and other anticipated future developments are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. These include risks relating to financial performance and results, job delays or cancellations, impact from severe weather conditions, the reductions in oil and gas prices, the continued disruption in worldwide financial markets, and other important factors that could cause actual results to differ materially from those projected, or backlog not to be completed. Backlog consists of written orders and estimates of the Company's services which the Co...Click here to read the whole Article (external link)
